FX Daily Report: May 31, 2013

By GFM ResearchCurrenciesMay 31, 2013 03:11AM ET

www.investing.com/analysis/fx-daily-report:-may-31,-2013-169324

FX Daily Report: May 31, 2013

By GFM Research | May 31, 2013 03:11AM ET

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DJI

-0.43%

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+0.58%

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Market Commentary
After trading sideways between 84.50 and 83.50 for couple of weeks, the Dollar Index (DX) closed below the support of 83.50 ranges to slip to interim support of 83.00 ranges; consistently trading below 83.50 would drag the index further to 82.45 ranges. The U.S. dollar depreciated across the board, especially against the Cable, the Common Currency and Swissy. The Yen is looking overstretched at 102.00 ranges, and the Aussie is trading tight near the multiyear support of 0.9400-0.9500 ranges.

The benchmark equity index of the Dow Jones Industrials Average (DJIA) seems to be overstretched, although the major trend is still intact till DJIA manages to trade above 14860 ranges. The historic DX Vs DJIA correlation suggests the long-term trend is still Dollar bearish, but only while the Dollar Index doesn't close above 88.40 on a monthly basis with 84.50 ranges acting as intermediate resistance.
FX Pair

Disclaimer: This report contains the views of GFM Research Private Limited. This report should not be construed as investment/trading advice. Due care is taken when gathering the data/information and the data sources are believed to be reliable, though GFM Research Private Limited nor its Group Companies guarantee for the same. Trading/investing in financial markets may result in financial and/or emotional stress, a trader/investor is advised to weigh pros and cons of trading/investing. Further disclaimer will be produced on request.

Disclaimer: This report contains the viewpoints of GFM Research. This report should not be construed as investment/trading advice. Due care is taken when gathering the data/information and the data sources are believed to be reliable, though GFM Research nor its Group Companies guarantee for the same. Trading/investing in financial markets may result in financial and/or emotional stress, a trader/investor is advised to weigh pros and cons of trading/investing. Further disclaimer will be produced on request.

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.90%

Mar 06, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

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S&P 500 VIX	19.09	-0.34	-1.75%
Dollar Index	106.415	+0.187	+0.18%

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Brent Oil	72.22	-0.28	-0.39%
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Copper	4.5748	+0.0473	+1.04%
US Soybeans	1,024.50	-6.75	-0.65%

U.S. 10Y	4.248	-0.050	-1.16%
U.S. 30Y	4.505	-0.051	-1.12%
U.S. 5Y	4.073	-0.058	-1.40%
U.S. 3M	4.301	+0.010	+0.23%
US 10Y T-Note	110.81	+0.30	+0.27%
Euro Bund	132.92	+0.45	+0.34%
10-2 Yield Spread	19.61	-2.98	-13.19%

Apple	240.36	-6.68	-2.70%
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Amazon.com	214.35	+1.45	+0.68%
Netflix	990.06	+12.82	+1.31%
Meta Platforms	673.70	+16.20	+2.46%
Bank of America	43.98	+0.04	+0.09%

FX Daily Report: May 31, 2013

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